‘Good Bones’ series to end after new season, co-star announces
The eighth and final season of Indianapolis-based home renovation series “Good Bones” is scheduled to debut Aug. 15 on HGTV.
Residential Real Estate
Articles
Developers revise plan for controversial $61M residential project north of Broad Ripple
The owners of Willows Event Center on Spirit Lake are reviving efforts to redevelop the site with apartments and townhouses, almost a year after withdrawing their proposal amid pushback from neighbors.
Some renters might get relief from biggest apartment construction boom in decades
Some economists project U.S. rents will be down modestly this year after soaring nearly 25% over the past four years, but the trend will likely be little comfort for many U.S. renters.
Area home construction permit filings down only slightly in June
The Indianapolis area might be showing signs of emerging from a single-family construction slump that began early last year.
White House rolls out measures aimed at increasing affordable housing
The White House also announced that it was forming an inter-agency task force to develop ways to fund efforts to convert more commercial buildings to residential housing, especially zero emissions and affordable units.
East-side community developer eyes $14.7M project near Wheeler facility
The residential project stemmed from a desire to meet the needs of families in a new way, according to Englewood Community Development Corp. Executive Director Joe Bowling.
Central Indiana existing-home sales see 21% June drop
Sales dropped for the 17th straight month on a year-over-year basis as inventories continued to tighten.
Henke Development planning 350-acre, nature-focused community in Zionsville
Single-family houses at Bradley Ridge would range in price from $1 million to $3 million, while townhouses would cost $800,000 to $850,000.
City acquires historic Drake apartments building in $1M deal with museum
The Department of Metropolitan Development plans to convert the eight-story, 95-year-old building on North Meridian Street into affordable housing units.
Developer planning 252 apartments on west side of Carmel
The project proposed by Carmel-based REI Real Estate Services calls for 11 two- and three-story apartment buildings along North Michigan Road.
Indiana AG sues owner, manager of Indianapolis apartment complex
The complaint lists problems alleged by seven residents involving repairs that were never made, incorrect bills that caused financial hardship, and general difficulties in contacting and dealing with management.
HGTV is making our homes boring and us sad, one study says
According to a new report, home makeover shows can lead many homeowners to worry about whether their decorating decisions will make their homes less appealing to buyers, even if they have no plans to put the house on the market.
Prime Meridian Hills site sold after nearly 5 years, with high-end houses on the way
The largely wooded land—one of the few remaining undeveloped residential sites in Washington Township—was originally listed for $1.9 million in late 2018.
Home construction rise in Hamilton County bucks area trend
Single-family building permit filings in central Indiana have fallen on a year-over-year basis for the past 17 months and in 20 of the past 22 months.
Indy rental assistance program ‘temporarily’ halts applications
The IndyRent program “pause” is to ensure renters who have filled out an application can be given the remaining funding, according to the city. Indianapolis renters have recently experienced a higher rate of evictions than the rest of the nation.
U.S. home sales inch up amid record-low inventory, biggest annual drop in prices since 2011
The U.S. housing market has yet to emerge from a slump that started a little more than a year ago, when the average rate on a 30-year mortgage began to climb from ultra-low levels.
Lennar Homes planning 96 townhouses in Lebanon near LEAP district
The plan commission voted unanimously to recommend the rezoning request for Corbett Towns, which include 17 new buildings on 12 acres of undeveloped land.
Eviction filings 50% higher than in pre-pandemic in some cities as rents rise
After a lull during the pandemic, eviction filings by landlords have come roaring back, driven by rising rents and a long-running shortage of affordable housing.
Housing slowdown leads to first annual drop in U.S. homeowner equity since 2012
All told, U.S. homeowners with a mortgage lost a combined $108.4 billion in home equity between the first quarter of last year and the first three months of 2023.
Many Hoosiers aren’t making enough to afford rent, report finds
Being able to afford rent, according to the report, means spending no more than 30% of your income on housing. With fair market rent for a two-bedroom home at $988 per month, wages are just not keeping up.